Posted by Lotto yesterday - Great Post7 Dec 2020 14:10
I wanted to restore the “balance” as regards comments made about the board, and their so called greed. The same board ie TB, PR and Nigel (now gone from board) invested nearly £1m of their cash into Aero (PR was in Aero before TB/NB). Trevor and Nigel rescued the shell that Aero had become (see RNSs 2017 December) and put in huge amounts of cash. Admittedly some of the ventures didn’t work out (Geocurve for ex), but they swiftly severed any liabilities.
So in essence, having invested heavily for nearly 3 years, they are entitled to encashing a slice, indeed richly deserve it. No one invests money in business like charity. But we are shocked to find they sold out entirely. What if there is a deeper story behind this, rather than the simple greed that us clueless PIs propose?
PI sentiment is fickle, it relies only on today’s share price. Our vision is mostly myopic. If the share register is getting institutionalised, they would want in cheap, not at 4/5/6p. And the mechanics over last 2 weeks suggests a big buyer. A big holder or two would provide stability in sp and reassurance to PIs, especially newer investors. As a co grows, it actually sheds it’s early investors in favour of more mature holders. All imho only. Please DYOR.